Texas Instruments reports soft Q4 guidance; shares slump
Investing.com -- Texas Instruments reported soft guidance for the current quarter following mixed fiscal third quarter results.
Texas Instruments Incorporated (NASDAQ: TXN) fell more than 7% in recent afterhours trading following the report.
For three months ended Sept. 30, the chipmaker reported adjusted profit of $1.48 per share on revenue of $4.74 billion, compared with analysts estimates for $1.49 and $4.65B, respectively.
Looking ahead to fiscal Q4, the company expects EPS in a range of $1.13 to $1.39, missing analyst estimates for $1.41. Revenue was guided in a range of $4.22B and $4.58B, or $4.4B at the midpoint, missing analyst expectations for $4.51B.
